Counter offer dating
For Roberts, the quest for Fox has a personal dimension.More than a decade ago, as the newly installed CEO and the son of Comcast founder Ralph Roberts, he spearheaded an unsolicited billion offer for Disney in 2004, well before NBCUniversal had entered the fold. Example: Susan Seller offers to sell her house for 0,000, to be paid in 60 days; Bruce Buyer receives the offer and gives Seller a counter offer of 0,000, payable in 45 days.The original offer is dead, despite the shorter time for payment since the price is lower.Wall Street investors had a clear but somewhat muted reaction to the news.Fox shares gained 1.6% to .88 on moderately increased trading volume.
But last week, Moody’s Investor Service cautioned that if both the Sky and Fox deals were to go through, Comcast’s total debt would reach 4 billion and could “imperil” the company’s credit rating.
There are also significant expenses related to capital-gains taxes in the case of all-cash offers, compared with stock transactions — one reason why Rupert Murdoch, who owns 17% of Fox has leaned away from cash deals.
Offering stock isn’t an option for Comcast, though, as its shares have dropped 16% in 2018 to date.
Seller then can choose to accept at 0,000, counter again at some compromise price, reject the counter offer, or let it expire.
Com-offer.today is tracked by us since December, 2017.